Mingteng International (MTEN) details share sales and remaining ATM capacity
Rhea-AI Filing Summary
Mingteng International Corporation Inc. reports activity under its at-the-market share offering program. As of January 14, 2026, the company has issued 166,372,558 Class A ordinary shares through the ATM facility, raising gross proceeds of about US$18.6 million and net proceeds of about US$16.5 million after commissions and expenses. The company now has 186,138,612 Class A ordinary shares issued and outstanding.
Approximately US$81.4 million of capacity remains available for future sales under the US$100 million ATM facility, and the sales agreement with AC Sunshine Securities LLC remains in effect. The company expects to use net proceeds for general corporate purposes, including working capital, business development initiatives and capital expenditures.
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FAQ
What ATM program does Mingteng International Corporation Inc. (MTEN) have in place?
Mingteng International Corporation Inc. has an at-the-market offering program under a sales agreement with AC Sunshine Securities LLC, allowing it to offer and sell up to US$100,000,000 of Class A ordinary shares under an effective Form F-3 shelf registration and related prospectus supplement dated December 8, 2025.
How many shares has Mingteng International (MTEN) sold under the ATM facility so far?
As of January 14, 2026, the company has issued an aggregate of 166,372,558 Class A ordinary shares under the ATM facility.
How much capital has Mingteng International (MTEN) raised through the ATM facility?
The share sales under the ATM facility have generated gross proceeds of approximately US$18.6 million and net proceeds of approximately US$16.5 million after paying a 3.5% sales agent commission and other offering expenses.
What is Mingteng International’s current share count after the ATM sales?
As of the date of the current report, Mingteng International Corporation Inc. has 186,138,612 Class A ordinary shares issued and outstanding.
How much capacity remains under Mingteng International’s ATM program?
As of January 14, 2026, approximately US$81.4 million of the US$100,000,000 at-the-market facility remains available for future share sales, and the sales agreement remains in effect.
How does Mingteng International plan to use the ATM net proceeds?
The company expects to use the net proceeds from the ATM facility for general corporate purposes, including working capital, business development initiatives and capital expenditures.
Are the ATM shares offered in this filing considered an offer to sell securities?
No. The report states that it shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and instead provides an update on activity under existing registration statements.